The move had been widely anticipated by markets, as inflation remains a concern despite signs of moderation. Bitcoin, which often […]
The post Bitcoin Holds Steady After Fed Maintains Rates in June appeared first on Coindoo.
The move had been widely anticipated by markets, as inflation remains a concern despite signs of moderation.
Bitcoin, which often responds sharply to changes in interest rate expectations, traded relatively flat following the announcement. The Fed’s decision reinforced its cautious tone, emphasizing that policymakers still need “greater confidence” in the disinflation trend before considering rate cuts.
This steady-rate stance means BTC could continue consolidating in the near term. While a rate cut might have sparked bullish momentum, the absence of a hike also avoids downside pressure. Instead, traders are now focused on incoming inflation and labor market data, which will shape future policy moves.
-----Cryptonews AD----->>> <<<-----Cryptonews AD-----
For now, Bitcoin investors appear to be treading water, balancing between optimism over future easing and caution driven by the Fed’s firm inflation target of 2%. Risk-on sentiment may strengthen if economic data in coming weeks aligns with the Fed’s requirements for rate reductions.
The post Bitcoin Holds Steady After Fed Maintains Rates in June appeared first on Coindoo.
Source: https://coindoo.com/bitcoin-holds-steady-after-fed-maintains-rates-in-june/
[ajax_load_more]Benson Toti
Benson Toti
Benson Toti